Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1887-08-14
RusslA;S VTT1ER7SIE PoIxr.

The full significance Of the war which
The German government has for the
past few weeks bean waging on Russian
credit h only beginning TO Be under
ssood. Those Who understand Il, how
ever, realize that il is 9 warfare almost
~ disastrous 10 Russia a. II the war.
riors wore soldiers instead Of bankers
and the scenes Of conflict baitlehsldl
instead Of banking houses.
The national debt Of Russia nov
almost reaches the enormous sum Of
four billion dollars. Mere than
three. quarters Of this has been contract
Cd since the CrimeAn var, although
Russia has vaRed in that time only one
important var. and that q var Of short
duration. Tue expend lures Of the
government have for many yeaFs ex'
oeeded lie revenue. and its credit has
bsen gradually sinking. II IL neW al
most Impossible for Russia 10 place q
loan en- any tsrms either in London OF
Amsterdam, and the design Of the Ger
man government is evidently TO dis
credit IL securities in Berlin as well.
Vita Berlin bankers refusing TO I'D.
vaaos u money, the Russian govern
meat viii ssill have open 70 {, tVO ave
nusa 10 borrowed wealth, and only two.
Il will stili, for time. Be able 10 plAos
lie loans In Paris Indeed, IL is even
nov sndeavoEinR 10 place loan Of one
hundred millions With the French
bankers, and The prospects Of success
are said 70 be excellent. Bat the French
bankers cannot and will not long sus-
tain The credit Of 9 government which
10 unable 70 horow money al any nnan-
eial center Of Europe except Paris. Ths
harden viIl soon become too great for
them, and the Russian rulers will be
osmpelled 10 look elsewhere for the
means With Which 70 carry on the gov
eminent.
TIE only remaining source Of credit
will be the Russian people themselves.
Tha government mag Be- able 10 place
enc or two popular loans on fairly ad-
YAntaRsOus tsEms, bat this cannot long
eontin0e The people % Russia are
not By any means either wealthy or
thEifty. while they might be induced
70 advance several loans 10 the govern
meni under the inHaenes OF strong
patFiOtis feciiAe. this source Of sapply
v0ald Be neither steady or lasting. and
u would be comparatively short time
anti the government voald be com
PEELED 10 90 into Tie anAnaial markets
Of TIE World and bsR for monsy on any
lsrnaA THIS wSald redncs Russia 10
ananeiAl sQaAlity With Turkey ana
oshsr natioas % the third slass, and
Would render 10 almost impossible foF
her 10 carry On var 90 q large scale
unless Der credit we're supported By
thai Of sOGs ether power.
By driving Rassia fFsm the Berlin
6ozrss. therefore. The German govern
meat ia aesOmplishiA9 q aOahls eur
pesA u b wsaksning tie eEeaia Of
RsaiA very materially, and By com
psllinR an appsal 10 the Preach bankers
Is indaein9 dEAia upoa TIE anancisl
rssoarcss q Francs. VhicA vii have
ned fsF al Ghs available cash that ice
psspls can sonmasd when 10 aSAln Be.
ssmss involved IN gar vita Germany.
rwe nations. and ths too ~ thai whieA
Germany hAs nosa oaass 10 fear. are
thss rsnAsrsd asss ready foE sSnhSt b.
q m0sa whish costs Germany nsshlnz.
with no ssares from vhicA 10 bar
rov. ard With ~ EnnaAi sxpsnditnEs
invariably is sxssas Of The rsvsnne the
iAak e soa3ssstns TIE Rz9iAn govern
msna uill b anything bat a. sasy ous,
ana Ne prshas@ 81 Aow Rasia cen
WaEs waE 81 - sxisnsivs sosls VII b
tnpssSlhss II soluttoz.